sixtyone ltd
sixtyone ltd Company Information
Company Number
10167036
Next Accounts
1099 days late
Directors
Shareholders
gareth owen lee drew
Group Structure
View All
Industry
Licensed restaurants
Registered Address
mountview court 1148 high road, whetstone, london, N20 0RA
Website
www.sixtyonerestaurant.co.uksixtyone ltd Estimated Valuation
Pomanda estimates the enterprise value of SIXTYONE LTD at £2.8m based on a Turnover of £3.9m and 0.73x industry multiple (adjusted for size and gross margin).
sixtyone ltd Estimated Valuation
Pomanda estimates the enterprise value of SIXTYONE LTD at £0 based on an EBITDA of £-1.7k and a 4.7x industry multiple (adjusted for size and gross margin).
sixtyone ltd Estimated Valuation
Pomanda estimates the enterprise value of SIXTYONE LTD at £86.2k based on Net Assets of £31.7k and 2.72x industry multiple (adjusted for liquidity).
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Sixtyone Ltd Overview
Sixtyone Ltd is a live company located in london, N20 0RA with a Companies House number of 10167036. It operates in the licenced restaurants sector, SIC Code 56101. Founded in May 2016, it's largest shareholder is gareth owen lee drew with a 100% stake. Sixtyone Ltd is a young, small sized company, Pomanda has estimated its turnover at £3.9m with healthy growth in recent years.
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Sixtyone Ltd Health Check
Pomanda's financial health check has awarded Sixtyone Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £3.9m, make it larger than the average company (£994.7k)
- Sixtyone Ltd
£994.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4%)
- Sixtyone Ltd
4% - Industry AVG
Production
with a gross margin of 61.4%, this company has a comparable cost of product (61.4%)
- Sixtyone Ltd
61.4% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (3%)
- Sixtyone Ltd
3% - Industry AVG
Employees
with 20 employees, this is below the industry average (34)
20 - Sixtyone Ltd
34 - Industry AVG
Pay Structure
on an average salary of £17.6k, the company has an equivalent pay structure (£17.6k)
- Sixtyone Ltd
£17.6k - Industry AVG
Efficiency
resulting in sales per employee of £194.9k, this is more efficient (£46.7k)
- Sixtyone Ltd
£46.7k - Industry AVG
Debtor Days
it gets paid by customers after 18 days, this is later than average (5 days)
- Sixtyone Ltd
5 days - Industry AVG
Creditor Days
its suppliers are paid after 72 days, this is slower than average (47 days)
- Sixtyone Ltd
47 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (12 days)
- Sixtyone Ltd
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (10 weeks)
5 weeks - Sixtyone Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.9%, this is a higher level of debt than the average (85.2%)
93.9% - Sixtyone Ltd
85.2% - Industry AVG
SIXTYONE LTD financials
Sixtyone Ltd's latest turnover from May 2020 is estimated at £3.9 million and the company has net assets of £31.7 thousand. According to their latest financial statements, Sixtyone Ltd has 20 employees and maintains cash reserves of £55.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|
| Turnover | ||||
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | ||||
| Interest Payable | ||||
| Interest Receivable | ||||
| Pre-Tax Profit | ||||
| Tax | ||||
| Profit After Tax | ||||
| Dividends Paid | ||||
| Retained Profit | ||||
| Employee Costs | ||||
| Number Of Employees | 20 | 17 | 23 | 27 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|
| Tangible Assets | 322 | 312 | 417 | 556 |
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 322 | 312 | 417 | 556 |
| Stock & work in progress | 12,500 | 9,480 | 11,200 | |
| Trade Debtors | 197,931 | 290,522 | 157,771 | 100,245 |
| Group Debtors | ||||
| Misc Debtors | 252,191 | 10,722 | 29,076 | |
| Cash | 55,133 | 41,073 | 7,421 | 31,379 |
| misc current assets | ||||
| total current assets | 517,755 | 341,075 | 187,114 | 160,700 |
| total assets | 518,077 | 341,387 | 187,531 | 161,256 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 297,717 | 307,877 | 320,305 | 298,911 |
| Group/Directors Accounts | ||||
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 188,638 | 204,173 | 222,692 | |
| total current liabilities | 486,355 | 307,877 | 524,478 | 521,603 |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | ||||
| total liabilities | 486,355 | 307,877 | 524,478 | 521,603 |
| net assets | 31,722 | 33,510 | -336,947 | -360,347 |
| total shareholders funds | 31,722 | 33,510 | -336,947 | -360,347 |
| May 2020 | May 2019 | May 2018 | May 2017 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 109 | 105 | 139 | 186 |
| Amortisation | ||||
| Tax | ||||
| Stock | 3,020 | -1,720 | 11,200 | |
| Debtors | 159,600 | 122,029 | 39,172 | 129,321 |
| Creditors | -10,160 | -12,428 | 21,394 | 298,911 |
| Accruals and Deferred Income | 188,638 | -204,173 | -18,519 | 222,692 |
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | ||||
| Other Short Term Loans | ||||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 14,060 | 33,652 | -23,958 | 31,379 |
| overdraft | ||||
| change in cash | 14,060 | 33,652 | -23,958 | 31,379 |
sixtyone ltd Credit Report and Business Information
Sixtyone Ltd Competitor Analysis
Perform a competitor analysis for sixtyone ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in N20 area or any other competitors across 12 key performance metrics.
sixtyone ltd Ownership
SIXTYONE LTD group structure
Sixtyone Ltd has no subsidiary companies.
Ultimate parent company
SIXTYONE LTD
10167036
sixtyone ltd directors
Sixtyone Ltd currently has 1 director, Mr Gareth Drew serving since Mar 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gareth Drew | England | 43 years | Mar 2020 | - | Director |
P&L
May 2020turnover
3.9m
-24%
operating profit
-1.8k
0%
gross margin
61.4%
+0.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2020net assets
31.7k
-0.05%
total assets
518.1k
+0.52%
cash
55.1k
+0.34%
net assets
Total assets minus all liabilities
sixtyone ltd company details
company number
10167036
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
May 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2020
previous names
N/A
accountant
-
auditor
-
address
mountview court 1148 high road, whetstone, london, N20 0RA
Bank
-
Legal Advisor
-
sixtyone ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to sixtyone ltd.
sixtyone ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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sixtyone ltd Companies House Filings - See Documents
| date | description | view/download |
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